Coffee (NASDAQ:JVA) Shares Pass Above 200 Day Moving Average – Here’s Why

Coffee Holding Co., Inc. (NASDAQ:JVA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.85 and traded as high as $4.51. Coffee shares last traded at $4.29, with a volume of 88,494 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Coffee Price Performance

The company’s fifty day moving average price is $3.49 and its 200 day moving average price is $3.85. The company has a market cap of $23.41 million, a PE ratio of 12.06 and a beta of 1.40.

Coffee (NASDAQ:JVA) last released its earnings results on Monday, March 16th. The company reported $0.29 earnings per share (EPS) for the quarter. Coffee had a return on equity of 6.82% and a net margin of 1.88%.The company had revenue of $25.57 million during the quarter.

Coffee Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 10th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. Coffee’s payout ratio is currently 23.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JVA. Bridgeway Capital Management LLC lifted its holdings in Coffee by 14.5% during the second quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock valued at $116,000 after purchasing an additional 3,389 shares during the last quarter. Jane Street Group LLC bought a new stake in Coffee during the second quarter valued at $118,000. Dimensional Fund Advisors LP grew its holdings in shares of Coffee by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock worth $401,000 after purchasing an additional 8,448 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in Coffee in the 2nd quarter worth approximately $43,000. Finally, DRW Securities LLC purchased a new position in Coffee in the fourth quarter worth $261,000.

About Coffee

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.